Posted on 09/08/2016 4:45:48 PM PDT by dynachrome
I don't think it will affect it much. Hanjin is more of a container shipper than a dry bulk shipper.
BDI has been trending upward since early August. Since Hanjin declared bankruptcy on 31 August, the rate of increase has accelerated.
The low point was 290, which happened on 10 February 2016. It is today at 773, having increased 3.76% since yesterday.
It closed at 636 on 31 August; today's price is 22% higher than that.
Since the day Hanjin declared BK, it is up 9%.
Haunting Pictures Of A Transportation Recession As Freight Rail Traffic Plunges
Kind of hits home.
Why? Isn't Ripple distilled here in the USA? On a daily basis?
That is off I-10, east of Tucson, Arizona
This is actually a pretty big deal. A major indicator of the world economic health. Freight volume is way down all over.
Why? I am trying to understand this. Is this worldwide or just China/Asia exports?
I find it amazing that all the products can be tracked and delivered.
Im an OTR trucker. My company and others like it have seen a 30% rediction in freight moved in the last year. The implications of that are vast. Not only to the transportation and related industries but also to the people who need goods to be moved. Hanjin is like a huge canary in a coal mine.
Entrepreneurial opportunity for a ship owner to approach and barter food, water and fuel for a few selected containers...
I still don’t get why, consumer spending is up for 2016. Maybe the numbers on consumer spending is bogus like the unemployment numbers...??
Inflation??
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.